# Japanese Yen

1 U.S. Dollar = 102.55 Japanese Yen

The Japanese yen is the official currency of Japan. It is the third most traded currency in the foreign exchange market after the U.S. dollar and the euro.

It is the third most traded currency in the foreign exchange market after the United States dollar and the euro. It is also widely used as a reserve currency after the U.S. dollar, the euro, and the pound sterling.

The relative value of the yen is determined in foreign exchange markets by the economic forces of supply and demand. The supply of the yen in the market is governed by the desire of yen holders to exchange their yen for other currencies to purchase goods, services, or assets.

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